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  • US oil drillers add rigs for six straight week

    CNBC's Jackie DeAngelis reports the weekly rig count numbers.

  • NEW YORK, Feb 24- Key global stock markets fell on Friday as investors lowered bets that policies of U.S. Oil futures fell, pressuring energy stocks after data showed U.S. crude inventories rose for a seventh week, signaling oversupply despite OPEC's efforts to rein in output. "The market will come to realize that a lot of these pro-growth policies might get pushed...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *OPEC compliance to rise as UAE, Iraq pledge to catch up. Compliance is set to rise even further in coming months as OPEC laggards United Arab Emirates and Iraq have pledged to catch up with their individual targets.

  • Feb 24- U.S. stocks were set to open lower on Friday as a drop in oil prices weighed and investors assessed if the "Trump rally" had gone too far too soon. President Donald Trump's promises of tax reforms, reduced regulations and increased infrastructure spending has helped spur equities to record highs. But, with Trump giving scant detail on his plans including on...

  • Feb 24- U.S. stock index futures were lower on Friday as a drop in oil prices weighed on the "Trump rally", with investors also seeking details regarding President Donald Trump's plans to boost the economy. *Gain in crude prices helped U.S. stocks edge higher on Thursday as did a renewed pledge by Trump to bring back jobs to the United States. Treasury Secretary Steven...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *U.S., Asia traders start selling most costly stored crude. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • Surge in autmotive demand in China, automovite demand likely grow lower rates than last year, invested lots in new capacity

    BASF CEO Kurt Bock says that his company has achieved its targets for 2016 and discusses its Asian regional market.

  • West Texas Intermediate was down 16 cents at $54.29 by 0728 GMT. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving the growth in inventories in the United States, the world's biggest oil consumer. "Current oil prices are neither sustainable for OPEC or the industry,"...

  • NEW YORK/ HOUSTON, Feb 24- Traders are turning the spigots to drain the priciest storage tanks holding U.S. crude stockpiles as strengthening markets make it unprofitable to store for future sale and cuts in global production open export opportunities. From Houston through Louisiana to floating storage in the Gulf of Mexico, traders are starting to ship crude...

  • TOKYO, Feb 24- Oil prices held gains on Friday on data showing U.S. stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of oil being sold out of storage in Southeast Asia. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving...

  • West Texas Intermediate fell 12 cents, or 0.2 percent, to $54.33 a barrel by 0323 GMT, having closed up 1.6 percent in the previous session. While OPEC appears to be sticking to its deal, producers that were not part of the deal, particularly U.S. shale drillers, have increased output, driving the growth in inventories in the United States, the world's biggest oil...

  • A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma.

    Oil prices fell on Friday on concerns over rising U.S. supplies and as traders begin to pull out crude barrels from pricey storage.

  • West Texas Intermediate fell 13 cents, or 0.2 percent, to $54.32 a barrel by 0048 GMT, having closed up 86 cents in the previous session. On Thursday, sources told Reuters that the joint OPEC/ non- OPEC technical committee reported an 86 percent compliance on the oil cuts in January. Earlier, sources reported over 90 percent compliance within OPEC.

  • *Canadian dollar settles at C $1.3114, or 76.25 U.S. cents. Canada sends 75 percent of its exports to the United States and could suffer badly if U.S. "We're in consolidation mode right now, waiting for either more policy announcements out of Trump, waiting for more central bank announcements," said Blake Jespersen, a managing director for foreign exchange sales at...

  • Oil field workers on a rig in Tioga, North Dakota.

    Nimble drillers with an established presence in core basins benefit most from the oil price recovery, analysts say.

  • *OPEC/ non- OPEC show 86 pct compliance with cuts in Jan- sources. NEW YORK, Feb 23- Oil prices rose on Thursday but gains were pared after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output. OPEC and producers including Russia aim to cut production by around 1.8 million barrels...

  • NEW YORK, Feb 23- Stock prices climbed to record highs worldwide for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments from U.S. Treasury and euro zone government bond yields declined as European Central Bank policymakers also signalled they were not getting carried away by signs the euro...

  • US exporting 1.2M of barrels a day: Ion Energy Group

    Is the market too bullish? Kyle Cooper, Ion Energy Group consultants, discusses the next stop for oil.

  • Keystone XL pipeline sections in Little Rock, Ark. The pipes were manufactured by Welspun in Arkansas. The steel, however, was sourced from various countries.

    President Donald Trump on Thursday said the companies behind two hotly contested oil pipelines must use U.S. steel in their projects.